Satellite-Based Earth Observation Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The Satellite-Based Earth Observation Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Satellite-Based Earth Observation Market Size and Its Estimated Growth Rate?
The size of the market for satellite-enhanced earth observations has seen a significant expansion in recent years. The market is projected to rise from $6.55 billion in 2024 to $7.09 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.3%. Factors that contributed to the growth during the historical period include government funding in space projects, an escalated necessity for environmental surveillance, expansion in agriculture and forestry applications, increasing requirement for disaster management solutions, and proliferation in defense and intelligence applications.

Over the coming years, the satellite-based earth observation market is anticipated to witness substantial growth, reaching a value of $9.53 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 7.7%. The robust growth in this period is linked to various factors, including increasing demand for geospatial data analytics, wider acceptance of satellite-based services within the commercial sector, heightened requirements for climate change monitoring, the expansion of satellite constellations, and enhancement of small satellites for earth observation. Foreseeable trends within this period entail the surge in high-resolution imaging capabilities, the integration of artificial intelligence (AI) and machine learning into data analysis, the utilization of CubeSat technology, the establishment of hyperspectral imaging satellites, and a surging emphasis on creating sustainable and eco-friendly satellite technologies.

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How Are Emerging Segments Shaping the Satellite-Based Earth Observation Market Landscape?
The satellite-based earth observation market covered in this report is segmented -

1) By Product Type: Earth Observation (EO) Data, Value Added Services
2) By Satellite Orbit: Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit
3) By Technology: Optical, Synthetic Aperture Radar
4) By Payload Type: Satellite Communications (SATCOM), Electro-Optical Or Infra-Red (EO Or IR), Communication, Imaging, Navigation
5) By End-User: Defense And Intelligence, Infrastructure And Engineering, Agriculture, Energy And Power, Other End-Users

Subsegments:
1) By Earth Observation (EO) Data: Optical Satellite Data, Radar Satellite Data, Hyperspectral Satellite Data, Thermal Infrared Satellite Data, LiDAR Data
2) By Value Added Services: Data Processing and Analysis, Geographic Information Systems (GIS) Services, Data Visualization Services, Consulting Services, Custom Application Development

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Which Growth Factors Are Influencing Satellite-Based Earth Observation Market Expansion?
The anticipated surge in satellite launches is predicted to drive the expansion of the satellite-based earth observation market. Satellites, which are devices launched into the orbit of Earth or other celestial bodies, serve various purposes such as gathering information, navigation, and scientific research. They are fitted with sensors used to observe and capture images of Earth's surface for diverse applications, including climate change monitoring and weather forecasting. For example, data from the United Nations Office for Outer Space Affairs suggests that the number of objects launched into orbit rose from 1,810 in 2021 to 2,163 in 2022. Meanwhile, as of Spring 2022, there were 5,500 active satellites in orbit as reported by the Government Accountability Office, an independent, nonpartisan government entity in the US, and it is projected that an additional 58,000 satellites will be launched by 2030. As a result, the satellite-based earth observation market is expected to grow, driven by the escalating number of satellite launches.

Who Are the Dominant Players Across Different Satellite-Based Earth Observation Market Segments?
Major companies operating in the satellite-based earth observation market include Raytheon Technologies Corporation, Lockheed Martin Corp., Airbus SE, BAE Systems Plc, Thales Group, L3Harris Technologies Inc., Israel Aerospace Industries Ltd., Viasat, Maxar Technologies Inc., MDA Corporation, Planet Labs Inc., Spire Global, BlackSky Global, Iceye, EOS Data Analytics, RS Metrics, D-Orbit, Descartes Labs, UrtheCast, Orbital Insight, GHGSat, Satellogic SA, GomSpace, SkyWatch Inc., Global Surface Intelligence Ltd., PlanetiQ Inc., GeoOptics Inc., ImageSat International N.V, Capella Space, HawkEye 360

What Are the Latest Developing Trends in the Satellite-Based Earth Observation Market?
The trend of technological advancements is becoming increasingly prominent in the satellite-based earth observation market. Companies in this sector are actively working on developing state-of-the-art solutions to maintain their competitive edge. For example, the Indian Space Research Organization (ISRO), the national space agency of India, unveiled the Earth Observation Satellite-6 (EOS-6), its third-generation satellite for ocean monitoring, in November 2022. This satellite, for the first time in the series, features three tools designed for ocean observation: the Ku-Band scatterometer (SCAT-3), the Sea Surface Temperature Monitor (SSTM), and the Ocean Color Monitor (OCM-3). The 13-channel OCM-3, equipped with a 1400 km swath and 360 m spatial resolution, will provide continuous coverage of the earth's surface. It will supply crucial data about ocean algae distribution, which is the foundation of the marine food chain. The OCM-3, with its superior signal-to-noise ratio, is expected to improve the daily monitoring accuracy of phytoplankton. This will have several operational and research uses, including the management of fishery resources, monitoring of ocean carbon, alerts about harmful algal blooms and climate studies.

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Which Geographic Regions Are Expected to Dominate the Satellite-Based Earth Observation Market in the Coming Years?
North America was the largest region in the satellite-based earth observation market in 2024. The regions covered in the satellite-based earth observation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Satellite-Based Earth Observation Market?
2. What is the CAGR expected in the Satellite-Based Earth Observation Market?
3. What Are the Key Innovations Transforming the Satellite-Based Earth Observation Industry?
4. Which Region Is Leading the Satellite-Based Earth Observation Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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